Lead Real Correlations

LRE Stock

1.52 0.04 2.70%

The current 90-days correlation between Lead Real Estate and Digi International is -0.08 (i.e., Good diversification). The correlation of Lead Real is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Lead Real Correlation With Market

Very good diversification

The correlation between Lead Real Estate and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lead Real Estate and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lead Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Lead Stock

0.63	MDV	Modiv Inc	Pair Corr
0.77	HR	Healthcare Realty Trust	Pair Corr
0.85	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.61	OZ	Belpointe PREP LLC	Pair Corr
0.78	PK	Park Hotels Resorts	Pair Corr
0.65	RC	Ready Capital Corp	Pair Corr
0.78	UE	Urban Edge Properties	Pair Corr
0.73	ADC-PA	Agree Realty	Pair Corr
0.65	EPRT	Essential Properties	Pair Corr
0.77	ESBA	Empire State Realty	Pair Corr

Moving against Lead Stock

0.75	DX	Dynex Capital	Pair Corr
0.63	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.73	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr
0.67	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr
0.54	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr
0.47	ACR	Acres Commercial Realty	Pair Corr
0.46	MITT-PA	AG Mortgage Investment Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DGII	NCMI	HUHU	LZENF	KVHI	HPE-PC	BKTI	TWI
DGII		0.72	-0.19	0.0	0.15	-0.11	-0.13	0.52	DGII
NCMI	0.72		0.12	0.0	0.28	-0.14	0.25	0.45	NCMI
HUHU	-0.19	0.12		0.0	-0.04	0.21	0.43	-0.37	HUHU
LZENF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	LZENF
KVHI	0.15	0.28	-0.04	0.0		0.26	0.16	0.58	KVHI
HPE-PC	-0.11	-0.14	0.21	0.0	0.26		-0.06	-0.04	HPE-PC
BKTI	-0.13	0.25	0.43	0.0	0.16	-0.06		-0.2	BKTI
TWI	0.52	0.45	-0.37	0.0	0.58	-0.04	-0.2		TWI
	DGII	NCMI	HUHU	LZENF	KVHI	HPE-PC	BKTI	TWI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NCMI	+ 0.72	DGII
TWI	+ 0.58	KVHI
TWI	+ 0.52	DGII
TWI	+ 0.45	NCMI
BKTI	+ 0.43	HUHU
KVHI	+ 0.28	NCMI

High negative correlations

TWI	- 0.37	HUHU
TWI	- 0.2	BKTI
HUHU	- 0.19	DGII
HPE-PC	- 0.14	NCMI
BKTI	- 0.13	DGII
HPE-PC	- 0.11	DGII

Risk-Adjusted Indicators

There is a big difference between Lead Stock performing well and Lead Real Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lead Real's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DGII	1.80	0.13	0.06	0.13	1.94	(1.82)	3.80	(3.84)	19.32
NCMI	1.71	0.19	0.11	0.30	1.56	(2.14)	3.68	(2.35)	10.41
HUHU	3.00	(0.24)	0.00	(0.54)	0.00	0.00	7.32	(6.39)	19.31
LZENF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KVHI	1.47	0.46	0.23	(1.11)	1.50	(1.72)	4.21	(2.61)	8.92
HPE-PC	1.50	0.01	0.00	0.03	2.10	(1.61)	2.67	(4.42)	14.17
BKTI	3.31	0.26	0.08	0.53	3.25	(4.30)	9.86	(6.77)	20.24
TWI	2.73	0.37	0.10	0.43	3.20	(3.37)	6.16	(4.49)	41.41

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